Cannabis and Hemp Stocks: How do you Invest Now?

Cannabis and Hemp Stocks: How do you Invest Now?

Analysts predict the cannabis and hemp industry will surpass $75 billion dollars in less than a decade. The time to invest in cannabis and hemp is now.

In fact, there’s never been a better time in history to start investing in cannabis and hemp stocks. The massive COVID-19 selloffs have gutted the values of nearly every potstockon the market. In fact, many states are seeing record marijuana sales due to the COVID-19 pandemic. Many of these hemp and marijuana stocks are currently trading well below their price targets. If you’re interested in adding somecannabis and hemp stocks to your portfolio, the time to invest is now. But, how do you start? We’ve developed a step by step guide to help you start investing and turning profits on these undervalued potstocks.

Step 1: Open Your Online Brokerage Account

The first step to buying any marijuana stock is to get your online brokerage account. This is a quick and easy process and there are many different online brokerages to choose from. We’re big fans of Robinhood and TD Ameritrade. You’ll likely need the following information to get started:

Name, physical address, phone number, and email

Your bank account and card info

Two forms of ID

Your online brokerage account will be a new account with which you can deposit funds to purchase your potstocks. You’ll also have the ability to invest in other instruments like bonds and mutual funds.

The first thing you’ll want to do is fund your online brokerage account. This can be as simple as using your banking account and routing info from a voided check.

Some online brokerage accounts will require a minimum deposit to start trading. There are typically fees associated with your online brokerage account – although online brokerages like Robinhood tout a “fee-free” service. You’ll likely pay fees to execute trades (a few bucks per trade, on average) and fees to withdrawal/transfer of funds. If you elect for Broker Assisted Orders – you’ll likely get hit with additional fees as well.

We’ve recommended a couple of the online brokerages we personally love but feel free to search independently for the one that’s best for you.

Step 2: Understand the Types of Stock Orders

The investment jargon can make this seem intimidating but there are only a few different types of stock orders you’ll want to get familiar with. This is true whether you’re buying cannabis or hemp stocks or other investment instruments.

Market Order: This is an order to buy or sell stock at the market price at the time the order is placed. This is the most standard way of executing a trade but, keep in mind, the market will dictate the price.

Limit Order: This is an order which is executed at a specific price you set for a specific period of time. Note, you will only have the ability to buy or sell a stock when your set price is reached.

Stop-Loss Order: This is an order which is executed as soon as the stock reaches a specific price you set. This is probably the most important order to remember as this may help prevent loss.

Step 3: Buy Your First Marijuana Stock

This will require some research to determine the best potential investment opportunities. Due diligence is key to any smart investment and buying potstocksis no different. You’ll want to get familiar with how to analyze different marijuana companies based on their performance. Make sure you read the latest investment analysis and news from trusted sources in the hemp and cannabis investment industry. The analysts at Cannin use nine main categories when evaluating the best marijuana stock investing opportunities:

In addition to this, you’ll want to develop a clear strategy for how you decide to invest inmarijuana stocks. Will you be rapidly buying and selling to make quick profits or will you adopt a longer-term buy-and-hold strategy? It’s important to set some ground rules for yourself when you’re investing in hemp and cannabis stocks.

At Cannin, we prefer more of a long-term buy-and-hold approach as some of these hemp and cannabis companies will significantly increase in value over time. Buying a position in one of the best cannabis companies today could yield a significant ROI. Look at it this way, if you had invested $1000 during Amazon’s IPO in 1997, your investment would be worth approximately $1.3MM today. With cannabis and hemp stocks, there will be few winners and many losers. The trick is to invest wisely.

Step 4: Profit

If you’ve successfully followed steps 1-3, you should be able to start turning profits investing in cannabis and hemp stocks. After reading this article, we hope it’s now easier to open your online brokerage account to start investing in marijuana stocks. As always, our team is available 24/7 with any questions you may have about investing in cannabis and hemp. Drop us a line anytime at info@cannin.com.

Cannabis and Hemp Stocks: How do you Invest Now?

About Cannin: Cannabis and Hemp Investment Experts

Market analysts expect the cannabis and hemp industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in cannabis and hemp stocks is now! Are you looking to buy stock in hemp companies or cannabis companies? Interested in emerging penny pot stock companies? Looking for the best Canadian pot company to invest in? Cannin is your trusted resource for information about Cannabis and Hemp stock investment opportunities. Our global team of experts evaluates emerging cannabis stock investing companies. We aggregate hundreds of hours of research and distill it down to make it easy for our investors to understand. We provide tips on the best cannabis and hemp stock investments for 2020. We provide the latest hemp investment news and analysis. Visit our site forcannabis investing news andfeatured companies, sign up for thefree Cannin Chronicle orget a free trial of our smart cannabis and hemp stock algorithm to take the guesswork out of profiting from this exciting industry. Predict the price of cannabis and hemp stocks hours in advance with our machine learning algorithm. Is it too late to invest in marijuana? No! This is the perfect time.

Profit from the best Cannabis and Hemp stocks – we’ll show you how at cannin.com

Risk of Prosecution for Marijuana-Related Companies. If you are considering investing in a company that is connected to the marijuana industry, be aware that marijuana-related companies may be at risk of federal, and perhaps state, criminal prosecution. The Department of Treasury recently issued guidance noting: “ The Controlled Substances Act (“CSA”) makes it illegal under federal law to manufacture, distribute, or dispense marijuana. Many states impose and enforce similar prohibitions. Notwithstanding the federal ban, as of the date of this guidance, 20 states and the District of Columbia have legalized certain marijuana-related activity.”